WHS - Warehouse Group

**Waltzing** · 13-10-2021, 11:31 AM

Whos going to double first.

WHS or MHJ.

Wheres the retail money going to go.

Got to favour MHJ.

MHJ smashing both WHS and OCA on orders already today.

OCA is like whatching paint dry...

**winner69** · 13-10-2021, 12:35 PM

Rents (for new tenancies) up nearly 8% from a year ago (largest increase in years) ....existing tenancies up 3% and trending up

That'll cut household spend a bit

**Rawz** · 13-10-2021, 12:37 PM

Originally Posted by Waltzingironmansinlgescul

Whos going to double first.

WHS or MHJ.

Wheres the retail money going to go.

Got to favour MHJ.

MHJ smashing both WHS and OCA on orders already today.

OCA is like whatching paint dry...

Retail money surely go to MHJ in the short term.

As per market screener WHS trading on forward 11.3 p/e and MHJ trading on 9.11 p/e

MHJ better chance to beat market screeners predications based on Q1 update this morning.

**BlackPeter** · 13-10-2021, 12:53 PM

Originally Posted by winner69

Rents (for new tenancies) up nearly 8% from a year ago (largest increase in years) ....existing tenancies up 3% and trending up

That'll cut household spend a bit

That's tough. Less money for clothes, household goods and other essential? People will need to change their buying habits and instead of shopping at HLG or the expensive boutiques they will come to The Warehouse where everybody gets a bargain.

All good

;

**LaserEyeKiwi** · 13-10-2021, 12:59 PM

Originally Posted by Rawz

Retail money surely go to MHJ in the short term.

As per market screener WHS trading on forward 11.3 p/e and MHJ trading on 9.11 p/e

MHJ better chance to beat market screeners predications based on Q1 update this morning.

really like MHJ - have already opined on this thread a couple of times that they would be on WHS acquisition list if they were just a NZ operation (especially since WHS closed its in-store red shed jewelry counters recently.)

nice to see that there profits were up strongly despite all the store closures.

**winner69** · 13-10-2021, 01:00 PM

Originally Posted by BlackPeter

That's tough. Less money for clothes, household goods and other essential? People will need to change their buying habits and instead of shopping at HLG or the expensive boutiques they will come to The Warehouse where everybody gets a bargain.

All good

;

But history shows that Red Sheds sales don't seem to grow much in bad financial times

**BlackPeter** · 13-10-2021, 01:42 PM

Originally Posted by winner69

But history shows that Red Sheds sales don't seem to grow much in bad financial times

Does it?

I remember there is some correlation with the colour of government ... red government and red sheds as well as Noel Leeming (colour red as well) do well. Torpedo seven is not red, but should in my view do well given that they have stock and people will need gifts this Christmas season. Only the blue Warehouse stationary does not do well in red times, but admittedly they don't do well in blue times either

:

Here you have my investment by colours theory

;

But doesn't matter - I think I leave the barking to others and review my holding after the WHS brought in their next just amazing Christmas sale. Don't like to sell my show ponies before their big performance ...

;